News Update

27

May 2024

May 27, 2024 • 5 min read

Utility Stores Corporation Seeks Historic Rs. 85 Billion PM Relief Package in Upcoming Budget

The Utility Stores Corporation (USC) has proposed a Rs. 85 billion subsidy in the upcoming federal budget 2024-25, the b...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

Petrol, Diesel Prices Likely to Fall One More Time Before Budget

MS petrol and High-Speed Diesel (HSD) prices are expected to fall next week due to international oil prices declining in...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

Experts Demand Govt to Do More to Generate Revenue From Untaxed Sectors

Speakers at a pre-budget consultative session on Monday demanded the government to ensure a dedicated track and trace sy...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

Fact Check: Is PTA Tax Actually Removed?

The Pakistan Telecommunication Authority (PTA) has clarified recent news reports regarding the removal of Federal Board...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

Audit Exposes Irregularities Worth Billions in Commercial Property of Pakistan Railways

Pakistan Railways is plagued by irregularities worth billions of rupees in different parts of the country, a special aud...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

OGRA Announces Big Increase in RLNG Prices for May 2024

The Oil and Gas Regulatory Authority (OGRA) has notified prices of re-gasified liquefied natural gas (RLNG) for both the...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

Overseas Pakistanis’ Investment in Mutual Funds Doubles in a Year

Overseas Pakistanis are increasingly investing in various mutual funds managed by asset management companies, showing ne...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

FBR Fixes New Customs Values on Import of Milk Products

Directorate General of Customs Valuation Karachi has revised customs values on the import of “Skimmed Milk Powder and In...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

Honda Pakistan’s Annual Profits Up 9x Despite Big Dip in Sales

Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) announced its financial result for MY24 today. posting a profit after ta...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

CCP Approves Merger of Intermarket Securities With EFG Hermes Pakistan

The Competition Commission of Pakistan (CCP) has approved a Scheme of Arrangement for the merger of M/s. Intermarket Sec...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

PKR Loses All Momentum, Slides Against US Dollar, British Pound, Euro

The Pakistani rupee (PKR) reversed its 2-day winning streak against the US Dollar today after opening trade at 278 in th...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

Finance Ministry Sets Federal Development Budget Limit at Rs. 1,200 Billion

The Ministry of Finance has decided to set the federal development budget limit for the new fiscal year at Rs. 1,200 bil...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

Meezan Bank Officially Starts Its Currency Exchange Operations

Meezan Bank, Pakistan’s leading Islamic bank has officially commenced operations of Meezan Exchange Company Limited (MEC...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

US Assures Pakistan of Support to Achieve Economic Stability

US Ambassador Donald Blome called on Minister for Finance & Revenue Muhammad Aurangzeb at the Finance Division today. Th...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

Sui Gas Supply System in Serious Danger Due to Pressure

The country’s gas transmission and distribution system is in danger, with line pressure swelling to a dangerous 5.13 bil...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

Banks to Remain Closed on Tuesday

The State Bank of Pakistan (SBP) will remain closed tomorrow (May 28) being a public holiday on the occasion of Youm-e-T...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

Govt Spends Rs. 1 Billion Annually on Trade Officers Posted in Pakistan’s Missions Abroad

The federal government incurs annual expenses of Rs. 1,000 million to pay salaries and other expenses of trade and inves...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

Pakistan Got Over $7.1 Billion Foreign Loans in 10 Months of FY24

The country borrowed $7.142 billion from multiple financing sources during the first ten months (July-April) of the curr...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

OICCI Wants Govt to Abolish Advance Tax on Telecom Subscribers in Upcoming Budget

The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended the government abolish the rate of advan...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

Govt to Hike WHT Rates on All Businesses and Transactions of Non-Filers in New Finance Bill

Finance Bill 2024 will increase withholding tax rates on all kinds of business and financial transactions of non-filers...

Read Full Article

News Update

27

May 2024

May 27, 2024 • 5 min read

Seven Desks Set up Under SIFC to Attract Foreign Investment

Information Minister Attaullah Tarar Monday said that seven desks have been set up under the Special Investment Facilita...

Read Full Article

News & Updates

Utility Stores Corporation Seeks Historic Rs. 85 Billion PM Relief Package in Upcoming Budget

Petrol, Diesel Prices Likely to Fall One More Time Before Budget

Experts Demand Govt to Do More to Generate Revenue From Untaxed Sectors

Fact Check: Is PTA Tax Actually Removed?

Audit Exposes Irregularities Worth Billions in Commercial Property of Pakistan Railways

OGRA Announces Big Increase in RLNG Prices for May 2024

Overseas Pakistanis’ Investment in Mutual Funds Doubles in a Year

FBR Fixes New Customs Values on Import of Milk Products

Honda Pakistan’s Annual Profits Up 9x Despite Big Dip in Sales

CCP Approves Merger of Intermarket Securities With EFG Hermes Pakistan

PKR Loses All Momentum, Slides Against US Dollar, British Pound, Euro

Finance Ministry Sets Federal Development Budget Limit at Rs. 1,200 Billion

Meezan Bank Officially Starts Its Currency Exchange Operations

US Assures Pakistan of Support to Achieve Economic Stability

Sui Gas Supply System in Serious Danger Due to Pressure

Banks to Remain Closed on Tuesday

Govt Spends Rs. 1 Billion Annually on Trade Officers Posted in Pakistan’s Missions Abroad

Pakistan Got Over $7.1 Billion Foreign Loans in 10 Months of FY24

OICCI Wants Govt to Abolish Advance Tax on Telecom Subscribers in Upcoming Budget

Govt to Hike WHT Rates on All Businesses and Transactions of Non-Filers in New Finance Bill

Seven Desks Set up Under SIFC to Attract Foreign Investment

Need Expert Legal Counsel?